Definition ∞ Cross-Enterprise Data refers to information that originates from or is utilized across multiple distinct organizational entities or departments. In the context of blockchain, this refers to data shared and synchronized between different businesses or internal divisions using distributed ledger technology. Such data sharing promotes transparency, consistency, and operational efficiency across collaborative processes. It helps establish a unified view of shared information.
Context ∞ Cross-enterprise data is frequently discussed in news concerning supply chain optimization, inter-company settlements, and collaborative business networks leveraging blockchain. Reports highlight how distributed ledgers can provide a single, immutable source of truth for shared data, thereby reducing discrepancies and improving coordination among participants. The benefits of enhanced data integrity and reduced reconciliation efforts are often central to these discussions.
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